Glacier Bancorp Completes Acquisition of Bank of Idaho
Deal News | May 01, 2025 | EIN
Glacier Bancorp, Inc. (Glacier) has completed the acquisition of Bank of Idaho Holding Co. (BOID), the parent company of the Bank of Idaho, a community bank headquartered in Idaho Falls, Idaho. The completion of the acquisition will see the Bank of Idaho's operations integrated into three existing Glacier Bank divisions: Citizens Community Bank, Mountain West Bank, and Wheatland Bank. As of March 31, 2025, BOID reported total assets of $1.3 billion, total loans amounting to $1.1 billion, and total deposits of $1.1 billion. Glacier Bancorp, based in Kalispell, Montana, is a regional banking powerhouse with various divisions spread across multiple states. The transaction is seen as a strategic move to expand Glacier's service offerings and consolidate its presence across the Western United States. Forward-looking statements regarding this acquisition anticipate enhanced financial and operational outcomes, although these projections are subject to various risks and uncertainties including market conditions and integration challenges.
Sectors
- Banking
- Financial Services
Geography
- United States – The article involves organizations headquartered in different states in the United States such as Idaho and Montana, and pertains to banking operations across multiple US states.
- Idaho – Bank of Idaho Holding Co., based in Idaho Falls, Idaho, is prominently featured in the acquisition details and is a primary geographic focus of the transaction.
- Montana – Glacier Bancorp is headquartered in Kalispell, Montana, and the article discusses its operations and expansion, making Montana a relevant geographic classification.
Industry
- Banking – The article discusses the acquisition of Bank of Idaho, a banking institution, by Glacier Bancorp, another bank holding company. The primary focus is on the expansion of banking operations.
- Financial Services – This industry classification is relevant as the acquisition involves financial transactions, loans, deposits, and the operation of bank divisions, which are all aspects of the financial services sector.
Financials
- $1.3 billion – Total assets of Bank of Idaho Holding Co. as of March 31, 2025.
- $1.1 billion – Total loans and total deposits of Bank of Idaho Holding Co. as of March 31, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Glacier Bancorp, Inc. | Bidding Company | Company | A banking company based in Kalispell, Montana, that acquired Bank of Idaho Holding Co. |
| Bank of Idaho Holding Co. | Target Company | Company | A bank holding company headquartered in Idaho Falls, Idaho, with assets of $1.3 billion as of March 31, 2025. |